Oldtent Archives 2007 - 2008

Wishing all a good Friday Evening. Been doin my darndest to keep up with the Tent of late. Couple quickie Howdies in order:

Ment- Good to see you back, and in ‘ment style’. One ole tough fella you is. Even one handed. (grin) Keep getting better.

Dusty- Good to see you posting this evening. Good to know you still ridin the Golden Trail my friend. Yes sir. Good to see ya.

EQ/TQ…Know I ‘group’ the two of you wise ones together quite often in my posts….hope you dont mind. Just the both of you lend a lot of stability, and wisdom to these pages. Know, it is a good thing to have both of you lending a guiding hand, in so many avenues. Thank you.

Wanka- LOL….sounds like your freezing your tush off. Just hope you are still able to cook a meal or two, fend for yourself a bit….guessing you are still holding the fort in ‘mama’s abscene’. Last I heard, Supergirl was 8 pounds and then some. Hope the good news with her continues. Hope she gets to see her ‘Grandpa’ soon. Hope, before you completely ‘Freeze Over’….you can teach that young lady a thing or two about gold, and golden hearts. Yep.

JBI- thanks for your Eagle pics…..and your postings of knowledge. Thanks, for being such an integral part of this Tent. And thanks, for keeping us all up to date on what appears to be, the ever upward movement of Gold’s 300 Day Moving AVerage.

Moggy- Your abscence, your silence, is almost deafing. Hope you are faring/doing well?

Maya - Those Train Pics continue to inspire….almost as much as the helpful medical advice. Reckon I am going to have to order some of that MM stuff….might as well purge the system of thought, bad bugs, and demons all at the same time. (grin) Keep on Keepin On my friend. We gonna Win this thing, one thought, one step, one ounce, at a time. No holdin us back on this train.

Irish - I am so damn proud of you. Course, I know, that the real driving force behind, beside you, is a woman I once had the pleasure of a Birthday Dance, in Paradise. I am now only beginning to understand, how fortuantate a man, you are. Carry on, Lead On, ….and understand, a Trail Blazer’s work……is never done. But that is the stuff, that one day makes for ‘Legends’. At least, so I have been taught to believe.

Fully - I cant wait to get to your posts. Some great stuff you discover, find, and post to these pages. Not every once in a while. But daily. If I could ever discover your secret of persistence, of knowledge….well….I would have retired many years ago. Keep it up friend. And say howdy to the original ‘Goldbugger’ for me. I miss her smile, and laughter.

Goldrunner - Very few men, can make me feel like I aint really trying at life. Between your words of wisdom, and charts….and ‘coal miner’ common sense….I feel like I have yet to begin to match your wisdom, and guts. Dont often measure myself against others…..and you are probably one of the reasons why I chose not to do so. (grin)
Best to you, and those gals….always, and forever.

Now, I am going to leave a lot of my hero’s out tonight. Aggie, Aurum, BJ (where are you?)….and too many names to mention in this post. Soee….and Eagle Eye….and Lord, I best not even try to name all here. Something tells me I done messed up by mentioning just a few on my mind this evening. The list of those whose words I read, and try to understand and apply to life….are indeed long. And could not likely ever be covered, or acknowledged in a single post. Such, is the group of freinds, that travel this Golden Trail.

GodFather - Recevd your private message the other day. I can only reply with a word of thanks….and yes, I hope to meet with you again, where the sun shines.

Now I really am feeling bad….because I have left so many friends, failed to mention so many others….For just a second, I just now started to delete this post….but will let it ‘Publish’, (Knowing it falls so short at this time). What I wanted to say, the point of, what I started out to say tonight…was I think we all are entering into a time, a period of history, where the Kings of Fiat, are beginning to Trend, Where Angels even Fear to Go. I think,….This whole Fiat game is turning into an excercise of ‘Keepin Things Afloat’. A time, where Central Banksters, and other SuperBanksters….and there minions are at the same time, trying to figure out how to best head towards the ‘Exits’ and keep thier books, at least appearance wise, somehow looking good. I think today, the ‘Financial Powers’ are bent more on the appearance, the Illusion, of wealth, than on the Reality of the Situation.

Cant help but think, the ‘Creative Accounting’ methods. Everything from bank ledgers, to government ’statistics’….think all the lies, the roosters, are coming home to roost. Think the ole saying…you can fool most of the people some of the time, but not all the people(nations) all the time….well, I think, that ole saying, is about to teach the next generation, a lesson all over again.

And what I am about to say needs to be taken with a whole lot of grain of salt. Just one boy’s opinion. But after watching things the best I can, understand, since 2000 year. I figure it best this way. We got until the 08 Elections, to postion oursevles the best we know how. After that, I think a whole lot of ‘bets will be off’. I think, time grows short as the entire World Fiat System, grows long overdue, some ‘correction’, a return to things of value.

Seems a lot of us here, have fared well, by keeping our eyes focused, directed, to the next Trail Sign. Been that way now for a few years. Keeping our attention on the major signs, 325, 400, 500, 600, 700., (can you believe it….800?). Seems to me, those Silver Eagles purchased just a few years back….are now double, nay, triple in value. In looking back in the rear view mirror, ole Ment, and Sinclair, have been right. Figure it this way I does. One can listen to all the CNBS ‘experts’, or one can invest, hold unto, thier gold and silver. And tune out, the voices of the ’sirens’.

Dont even know for sure, If many of my hero’s are ‘right’ tonight. But I can pretty much say, they aint been wrong over the past several years. Dang pretty sure, the best way/method to measure success, or wealth, is by the ounce. And writing this from Atlanta this evening….that might just be an ounce of clean water.

Got my haircut the other day. Asked a person that is a lot more knowledgeable about ’spritiual things’ than I. Asked, “what ya think about this drought?” Was a little more than just ‘thought shocked’ by thier answer. Was not really prepared for this line of thought. Told me….and qouted some verse…something about “things on earth are same as in the heavens”. ?? Told me….the drought of rain, reflected the ’spirtual drought’ in this country. Then followed up with another ‘verse’, “God Shall not be mocked”. Now, I dont know how you feel about the Bible, or religion, ( I think it sometimes can be overdone), but I have to admit, thier answer to my question, left me with a lot to ponder. Left me wondering, about honest measure and wieght. What was real, what might be an Illusion. Left me wondering, if all these Banksters….where not treading, where Angels feared to Tread. Left me with the thought, if a lot of folks in places of power, think too much of themselves, and the systems they have created out of thin air, and illusion? Made me think of a new mini series on TV….’Tin Man’, and if the Wiz, behind the curtain, was about to be ‘found out’ for the fabricator and illusionist that he is? Made me, stay tuned, not to change the channel in my mind, ….enough to see how this all plays out. Just had to ask myself, the question….how much lower can the dollar drop…? How much less most folks savings will be worth…in the coming years?

Had me asking a whole lot of questions of late. Had me thinking…..about an ounce. Or bushel of corn. Had me thinking, come summer in the SouthEast….what a gallon of clean water might fetch? Had me pondering…….the appearance, of the ‘educated’ modern man? No doubt about it, had me wondering….if we indeed where entering an era, a place, a time….where even Angels, would not dare trend.

Best to all this evening, espically those I have failed to mention. (The list is long)

Thoughts of a Farmboy…..hangin in, and hangin on.

Hopefully, this little consolidation will resolve itself to the upside soon. Have a good weekend, Tenters. Grateful to have so many smart people to gain knowledge from.

Actually, this has been in the works for some time. This is pretty much a survival move for them in some ways. The catch is, that they are going to dilute the crap out of their shares. I hope the market views this as a positive, I really do because I own a bunch of it. We’ll have to see how the market reacts to the dilution, although my guess is that it’s probably already baked into the price. You never know I guess.

BTW, the dilution is from 500 m shares to 750 m

I think you’re right.   I guess that’s what PMfever is saying, too.  You get something like the 70’s.  Rising import prices lead to CPI inflation which sends wages up which makes bondholders nervous which sends money into gold.   The bubble is in the whole trail from raw materials to finished goods.   Meanwhile, real estate and stocks fall or flatten out.  Okay, whole thing figured out.  Off to bed.  Thanks all.

Your: “Where did the money come from to buy gold?  It came out of bonds.”

No, every cab driver, store clerk, housewives were scraping up money to buy a gold coin for $700 - $800 an ounce. Dentist friends were buying gold, oil men were buying gold and the money did not come from bonds. It was a mania - a guy would sell a boat to buy gold. Deadeye - good night all

the Zimbabwean and Weimar Govts got wage inflation running high to get the money out there.  Unless the US can get wages increasing rapidly, they won’t get hyperinflation in the CPI.  To do this they have to collapse the USD so that imports become SOOO expensive that it is cheaper to buy American goods.  This can then get wage pressure increasing.  How far does the dollar have to fall to make a Chinese toy more expensive than a US made one?  Not a pretty answer!

Your 17:48 “–I’ll go with gold bit I don’t expect to get rich.—”

I suspect, most would settle for not getting poor when push comes to shove. Deadeye

(Moly_Man) your: “–To have hyperinflation a bubble is required, is it not?  You have to have a way of getting fiat into the system. –”

In Zimbabwe currently the government doesn’t seem to have a problem getting the printed money spread out - it is currently $4 million for one dollar! The same for Weimar Germany Republic in 1920s. Note a friend going to Zimbabwe next week is going to bring me back a few $million in their monoply money - I want to show my grandsons what will eventually happen to their fiat paper dollars. Already compared some old Weimar $250,000 bills to our dollars and monoply money!   Deadeye

Russia launches first naval power build-up in the Mediterranean in response to the US about-face on IranPresident Vladimir Putin and defense minister Anatoly Serdyukov decided to send a sortie of six Russian warships, led by the Admiral Kuznetsov aircraft carrier and the Moskva………………………..

Seems to me that someone has got things bassackwards here, I’m inclined to think that Putin showing some muscle is the reason for the US’s about face on Iran, not the opposite as stated above. Am I missing something here??
Dusty

Thank you for response.

Just wondering — how did the Weimar authorities get enough money into the hands of the people to raise the price of a loaf of bread to a trillion marks?  Did they create a stock bubble, a housing bubble, a commodity bubble?  I mean, seriously, how did they do it?  And would you call that a bubble in bread?  Is that what you mean by a bubble?  I don’t think so.  If a baker could trade a loaf, say, for a Mercedes, even up — THAT would be a bubble in bread.

If they’re going to hyperinflate away debt, they’ll get the money into the hands of the people somehow — they could just pay it out in a dole.  But that wouldn’t be a bubble.  The question is, what will be the next asset bubble that creates real purchasing power in currency terms.  PMfever says that the 70’s were a bubble in gold, and he’s right.  It was, at least at the very end.  Where did the money come from to buy gold?  It came out of bonds.  Maybe that’s where it comes from this time.  If so, we’ve got a long way down to go in bonds and a long way up to go in gold.

Too soon to know for sure…but I feel there is reason for concern going forward.
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Too soon for the masses, but not for those here at the Tent. I think that tenters have a pretty good grip on where we ‘have been’ where we ‘are’ and where we are ‘going’.

To quote Irish: “what an outfit!”
Best to you
Dusty

You’re saying …the more things change, the more they remain the same.

That assumption has worked without fail in our lifetime.  The reason that it has prevailed is due to the acceptabilty of the almighty dollar throughout world commerce.

 Too soon to know for sure…but I feel there is reason for concern going forward. Perhaps a replay of the past is not in the cards…this time around.  The USA is maxed out on their credit and their credit rating is sinking fast. 

This country has always had it’s boondoggles. I don’t think they can be avoided in any socieity. I think that they are manageable to a certain extent, but the path that we are going down where every boondoggle has to be bigger and greater than the previous one is the road to distruction. Somebody must be taking their instructions from Las Wages where every casino built is bigger and better than the previous. ugh
Dusty

JBI: Thanks for the toast, right back at ya pard!!

The next bubble?? How about this for a questimate.

Alternate energy. I think there is a better than 50/50 chanch that the Dumbocrats will win the White House next year giving them full control of the House, Senate and Presidenecy. That said, it is a very good possibility that alternate energy will be one of their main platforms. They will likely give huge tax incenitives, grants, and most likely some sort of Guv/Industry co venture to this end. No doubt…..boondoggals all. But it will pump billions into the econimy. With the help of the Guv.Hundreds if not thousands of small companies will spring up, nurshied by the windfall from Washington. The hole thing financed by the printing press. But just think how good we will all feel about ourselves!!! spit
Dusty